Vickie Arcuri, Realtor Ft. Lauderdale Waterfront Homes

December 2008 Broward County Market Report (December 1, 2008 - December 31, 2008)

Wondering what's selling in Broward? How many Homes Sold in Broward? How many Homes sold in Broward in December? How many homes sold in Ft. Lauderdale and other Broward cities? Looking for a monthly Broward Real Estate Market Report?

Sales volume has increased and Inventory is decreasing significantly, so our Real Estate market appears to be heading in a more healthy direction after starting its' decline 3 years ago. December, 2008 had the highest number of sales of any month in 2008. 949 Single Family Homes sold in Broward in December of 2008 vs. 546 Single Family Homes sold in Broward in December of 2007.

Broward County is located between Palm Beach County and Dade County (the Miami area). The majority of Southeast Florida includes the Tri-County area of Broward, Palm Beach, and Dade County.

When considering buying or selling a Home, it is important that you're familiar with REAL data/facts about homes sold (NOT rumors about how many homes are selling, which homes sold, and what they're selling for). When you're ready to place an Offer to purchase a home, this data also assists you with making an Offer that's based in reality, an Offer that's more likely to be accepted.

During the month of December, 2008, there were 949 Single Family Homes SOLD in Broward County (they were sold at final sales prices between $17,500 and $3,960,000). Of the 949 Single Family Homes SOLD in Broward County in December 2008 (The "Sold" prices below mean the final sale price, NOT the listing price at the time of the sale):

550 sold under $250,000 View them here
312 sold between $250,000 and $499,999 View them here
63 sold between $500,000 and $999,999 View them here
24 sold at $1,000,000 and above View them here

Review Sales Stats for Single Family Homes for 12/1/07 - 12/31/08:

There are currently 14,248 Single Family Homes for Sale in Broward County.

Of the 14,248 Single Family Homes for Sale in Broward County:

6,079 are priced under $250,000 Search Broward Homes for Sale under $250,000
4,999 are priced between $250,000 and $499,999 Search Broward Homes for Sale under $500,000
1,922 are priced between $500,000 and $999,999 Search Broward Homes for Sale under 1 Million
1,248 are priced at $1,000,000 and above with the highest priced at $42,000,000, an Oceanfront Home for Sale in Hillsboro Beach on Hillsboro Mile with
7 Bedrooms, 7 Full Baths, and 3 Half Baths in 19,296 Square Feet of living area.
Search Broward Luxury Homes for Sale and Broward Million Dollar Homes for Sale

There are 1,895 PENDING Sales of Single Family Homes in Broward County (priced between $19,900 and $7,495,000). "Pending" means that a Buyer submitted an Offer to the Seller, the Seller accepted the Offer, and there is now a Contract for the Sale of the Home. "Pending" means the sale of the home is not final yet because many items still have to be completed before the home is actually sold (examples include, but aren't limited to, Home Inspection, Home Appraisal, Lender Approval of the Offer, Title Search, Securing a Home Loan, Building Completion, etc.)

During the month of December, 2008, there were 837 Condos, Townhouses, Villas and Coops SOLD in Broward County as follows:

593 were sold under $150,000
153 were sold between $150,000 and $249,999
63 were sold between $250,000 and $499,999
22 were sold between $500,000 and $999,999
6 were sold at $1,000,000 and above

So, there are more Single Family Homes being sold than Condos, Townhouses, Villas, and Coops combined.

There are currently 19,667 Condos, Townhouses, and Coops for Sale in Broward County.

9,883 are priced under $150,000
4,617 are priced between $150,000 and $249,999
3,342 are priced between $250,000 and $499,999
1,267 are priced between $500,000 and $999,999
558 are priced at $1,000,000 and above with the highest priced at $15,000,000. The $15,000,000 Unit is a Ritz Carlton Condo for Sale featuring 4 Bedrooms, 4 Full Baths, and 3 Half baths in 10,018 Square Feet of living area, encompassing the entire top 2 Floors of the Ritz Carlton (Floors 24 and 25) with beautiful Oceanfront views.

Click to search Broward Condos, Townhouses, and Villas for Sale

There are 1,769 PENDING sales of Condos, Townhouses, and Coops in Broward County (priced between $11,400 and $2,250,000).

Please keep in mind that my monthly Reports present information related to active and sold listings of Single Family Homes, Condos, Coops, Villas, and Townhouses ONLY, however, these sales and listings are in no way inclusive of the ENTIRE Real Estate Market as there are Commercial Properties and Businesses that are sold, as well as Vacant Lots and Land, Docks, and multi-family dwellings (such as Duplexes, Triplexes, Fourplexes, and Apartment buildings).

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Vickie Arcuri, Realtor^®
EWM Realtors, Inc.
1700 E. Las Olas Blvd.
Ft. Lauderdale, FL 33301
Phone: (954) 708-9309
Fax: (954) 414-0492
Vickie@vickierealestate.com
South Florida Waterfront Homes

Contact me if you're interested in South Florida Real Estate, Ft. Lauderdale Real Estate, Las Olas Condos for sale, Ft. Lauderdale Beach Homes for Sale, Ft. Lauderdale Waterfront Condos, Broward Luxury Homes for sale, Ft. Lauderdale Luxury Condos, Broward Waterfront Homes for sale, Ft. Lauderdale Luxury Homes for Sale, Ft. Lauderdale Luxury Real Estate, Ft. Lauderdale Docks for Sale, Ft. Lauderdale Docks for Lease or Rent, Ft. Lauderdale Oceanfront Condos, Ft. Lauderdale Waterfront Homes, Ft. Lauderdale Waterfront Foreclosures, Ft. Lauderdale Oceanfront Homes, South Florida Waterfront Homes, Palm Beach Waterfront Homes, Manalapan Homes, Hillsboro Beach Homes, South Florida Oceanfront Homes, or Miami Waterfront Homes.

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Listings of Interest:

Palm Beach Waterfront Condo for Sale with a Dock
San Juan del Sur Oceanfront Home for Sale
Las Olas River House Condo for Sale
Rio Vista Home for Sale
Ft. Lauderdale Waterfront Coop for Sale with a Dock
Tamarac Townhouse for Sale

In the month of December, 2008, there were 2 Nurmi Isles Homes sold through Brokers with final purchase prices of $2,637,000 and $1,975,000. Click here to view them.

Currently, there are 16 Nurmi Isles Homes for sale and their List Prices range from $975,000 - $9,995,000. Click to search Homes for Sale in Nurmi Isles. There aren't any pending sales of Homes in Nurmi Isles.

All Homes in Nurmi Isles are Waterfront, Ocean Access Homes WITHOUT Fixed Bridges.

• Nurmi Isles is a Deepwater Community with Canal Depths up to 14 Feet, so of course, it's of particular interest to Boaters with large Vessels
• Homes are located on Wide Canals-up to 120' Feet Wide
• Nurmi Isles is not a Gated community
• All of the streets have Underground Utilities-a significant benefit which increases the value of Homes AND eliminates the issue of fallen Electric Poles and Wires during Storms

View additional details about the Community of Nurmi Isles.

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Vickie Arcuri, Realtor^®
EWM Realtors, Inc.
1700 E. Las Olas Blvd.
Ft. Lauderdale, FL 33301
Phone: (954) 708-9309
Fax: (954) 414-0492
Vickie@vickierealestate.com

Contact me if you're interested in South Florida Real Estate, Ft. Lauderdale Real Estate, Las Olas Condos for sale, Ft. Lauderdale Beach Homes for Sale, Ft. Lauderdale Waterfront Condos, Broward Luxury Homes for sale, Ft. Lauderdale Luxury Condos, Broward Waterfront Homes for sale, Ft. Lauderdale Luxury Homes for Sale, Ft. Lauderdale Luxury Real Estate, Ft. Lauderdale Docks for Sale, Ft. Lauderdale Docks for Lease or Rent, Ft. Lauderdale Oceanfront Condos, Ft. Lauderdale Waterfront Homes, Ft. Lauderdale Waterfront Foreclosures, Ft. Lauderdale Oceanfront Homes, South Florida Waterfront Homes, Palm Beach Waterfront Homes, Manalapan Homes, Hillsboro Beach Homes, South Florida Oceanfront Homes, or Miami Waterfront Homes.

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Listings of Interest:

Palm Beach Waterfront Condo for Sale with a Dock
San Juan del Sur Oceanfront Home for Sale
Las Olas River House Condo for Sale
Rio Vista Home for Sale
Ft. Lauderdale Waterfront Coop for Sale with a Dock
Palm Beach Waterfront Condo for Rent (Seasonal/Vacation Rental)
Tamarac Townhouse for Sale

Located in the Northeast area of Ft. Lauderdale off of A1A/North Ocean Blvd., between Oakland Park Blvd., and Commercial Blvd., Bermuda-Riviera is one of Ft Lauderdale's best Waterfront communities.

Bermuda-Riviera includes 234 Single Family Homes built from 1939 - 2007, located on Fort Royal Isle, Castle Harbor Isle, NE 34^th Avenue, NE 42^nd Court, NE 40^th Court, NE 40^th Street, NE 39^th Street, NE 38^th Street, and NE 37^th Street.

Bermuda-Riviera Highlights:

•· Most of the Homes are located on Access Canals or directly on the Intracoastal
•· There are no Fixed Bridges
•· Guard Gated Community
•· Walking distance to the Beach
•· Located conveniently close to Restaurants, Shops, and downtown Ft. Lauderdale
•· Deeded Beach Access on the Galt Ocean Mile

Currently, there are 23 Bermuda-Riviera Homes for Sale, ranging in price from $634,900 - $5,500,000. Of the Homes for Sale in Bermuda-Riviera, the average List Price is $1,559,800. In 2008, there were 14 Bermuda-Riviera Homes sold through Brokers, with final purchase prices of $710,000 - $2,550,000.

Contact me for additional details about Bermuda-Riviera Homes for Sale and Bermuda-Riviera Homes for Rent. Click to search active listings of Bermuda-Riviera Homes.

Below, I included a Google Earth screenshot of Bermuda-Riviera.

Vickie Arcuri, Realtor^®
EWM Realtors, Inc.
1700 E. Las Olas Blvd.
Ft. Lauderdale, FL 33301
Phone: (954) 708-9309
Fax: (954) 414-0492
Vickie@vickierealestate.com

Contact me if you're interested in South Florida Real Estate, Ft. Lauderdale Real Estate, Las Olas Condos for sale, Ft. Lauderdale Beach Homes for Sale, Ft. Lauderdale Waterfront Condos, Broward Luxury Homes for sale, Ft. Lauderdale Luxury Condos, Broward Waterfront Homes for sale, Ft. Lauderdale Luxury Homes for Sale, Ft. Lauderdale Luxury Real Estate, Ft. Lauderdale Docks for Sale, Ft. Lauderdale Docks for Lease or Rent, Ft. Lauderdale Oceanfront Condos, Ft. Lauderdale Waterfront Homes, Ft. Lauderdale Waterfront Foreclosures, Ft. Lauderdale Oceanfront Homes, South Florida Waterfront Homes, Palm Beach Waterfront Homes, Manalapan Homes, Hillsboro Beach Homes, South Florida Oceanfront Homes, or Miami Waterfront Homes.

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Listings of Interest:

Palm Beach Waterfront Condo for Sale with a Dock
San Juan del Sur Oceanfront Home for Sale
Las Olas River House Condo for Sale
Rio Vista Home for Sale
Ft. Lauderdale Waterfront Coop for Sale with a Dock
Palm Beach Waterfront Condo for Rent (Seasonal/Vacation Rental)
Tamarac Townhouse for Sale

I'm currently assisting several potential Buyers with locating Ft. Lauderdale Oceanfront Foreclosures, Ft. Lauderdale Waterfront Foreclosures, and Waterfront Foreclosures in other areas of South Florida, both Condos and Single Family Homes.

Though Waterfront Foreclosures and Luxury Foreclosures ARE NOT the majority of our Foreclosure inventory, there are a number of great Waterfront deals on the market that I would like to introduce to you.

South Florida Oceanfront Foreclosures (Bank Owned Condos)

Hemispheres Condo in Hallandale- $320,000
The Atlantic Hotel Condo in Ft. Lauderdale- $293,000 - $410,000
Starlight Towers in Lauderdale by the Sea- $304,900
Sian Ocean Residences in Hollywood- $348,000
Residences on Hollywood Beach- $300,000
Point of Americas Condo in Ft. Lauderdale- $603,900
Cristelle Cay in Ft. Lauderdale- $985,000
Beach Club in Hallandale- $273,000 - $2,000,000
2080 Ocean Drive in Hallandale- $339,900

South Florida Waterfront Foreclosures (Bank Owned Condos)
Nu River Landing in Ft. Lauderdale- $214,000
Las Olas River House in Ft. Lauderdale- $429,000 - $1,049,900
200 Leslie Condo in Hallandale- $359,900
Pelican Grand Beach Resort in Ft. Lauderdale - $249,000
Tides at Bridgeside Square in Ft. Lauderdale- $254,900
Villoresi Luxury Residence in Ft. Lauderdale- $475,900

As a potential Buyer of a Waterfront Condo or other Condo, there are MANY items to consider prior to your search and purchase and I prepared a Condo Search guide for your review. Click here to view it.

NOTES TO BUYERS REGARDING FORECLOSURE PURCHASES:

• The Bank is responsible for paying Brokers' Commissions (You, the Buyer, are not responsible for paying Brokers' Commissions). With non-Foreclosure AND Foreclosure purchases, the Homeowner/Seller, NOT YOU, is responsible for paying Brokers' Commissions. Read more information here about how Real Estate Commission structure works.
• As with a non-Foreclosure purchase, you will still need to obtain Loan Pre-Approval prior to searching for a Home. This assists us with searching for and viewing Homes that are within the correct price range. Additionally, the Pre-Approval Letter must be submitted with your Offer. Your Pre-Approval Letter is required to be dated within the last 30 days, so if you have an old Pre-Approval Letter, please get it updated first. The Approval Letter is also required to indicate that your Credit Reports have been checked and state your current Credit Score.
• The amount of your Down payment has to be determined
• A "Good Faith" Deposit still has to be submitted with your Offer and the Bank that owns the Home will specify the required amount of your Deposit
• The Bank will require that you provide documentation (Bank Statements, etc.) along with your Offer that verifies that you have sufficient Cash to close the transaction (Closing Costs)
• If your purchase will be a Cash purchase, you will need to obtain documentation from your Financial Institution verifying your ability to purchase the Home that you're planning to place an Offer on (and this documentation is required to be submitted with your Offer)
• The Bank will often require that you complete Loan pre-approval through them even though you already have your own Pre-approval (you will still be using a Lender of your choice, but they just want to verify the validity and strength of your Approval)
• The Bank uses current Market Values and other criteria as part of the process for determining a Home's discounted List Price, so the amount they will agree to accept for the Home's purchase is often very close to the Listed price (when they list property for sale, the List Price typically ALREADY includes the discount that they're offering). This being the case, Lowball Offers are usually rejected.
• Foreclosures are sold "AS IS". The Bank has already considered any repairs that might be necessary and has priced the property accordingly. They are offering the Property in its' current condition, so your Offer and negotiation will not include requests for repair nor requests for price decreases based on the property's condition.
• In calculating your Property Tax payment, the Property Tax Appraiser's Office WILL NOT use your Foreclosure purchase price as the determination of Market Value for Property Tax Calculation purposes. Following is a quote from the Broward Property Tax Appraiser's website:
  "If you purchase a property in a foreclosure, your actual purchase price does not reflect the just (market) value used for determining your taxes. Florida law requires our office to use the reasonable market price of a sale of similar homes in your neighborhood (or a similar area) sold under normal financial conditions to determine the assessment -- and that disqualifies the use of foreclosure-related sales."
• Procrastination isn't smart when it comes to great Foreclosure deals. Great Foreclosure deals usually are not listed for sale very long before being purchased.
• Multiple Offers can be submitted simultaneously to the Bank for the same property and priority is not given based on when the Offer was submitted. The Bank will request your "highest and best Offer". "Bidding Wars" for fabulous Foreclosure deals are not uncommon (even in this Market) and in those cases, the highest Offer will win IF the Bank determines that the amount is acceptable.

Contact me for additional details about Waterfront Foreclosures in South Florida.

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Vickie Arcuri, Realtor^®
EWM Realtors, Inc.
1700 E. Las Olas Blvd.
Ft. Lauderdale, FL 33301
Phone: (954) 708-9309
Fax: (954) 414-0492
Vickie@vickierealestate.com

Contact me if you're interested in South Florida Real Estate, Ft. Lauderdale Real Estate, Las Olas Condos for sale, Ft. Lauderdale Beach Homes for Sale, Ft. Lauderdale Waterfront Condos, Broward Luxury Homes for sale, Ft. Lauderdale Luxury Condos, Broward Waterfront Homes for sale, Ft. Lauderdale Luxury Homes for Sale, Ft. Lauderdale Luxury Real Estate, Ft. Lauderdale Docks for Sale, Ft. Lauderdale Docks for Lease or Rent, Ft. Lauderdale Oceanfront Condos, Ft. Lauderdale Waterfront Homes, Ft. Lauderdale Waterfront Foreclosures, Ft. Lauderdale Oceanfront Homes, South Florida Waterfront Homes, Palm Beach Waterfront Homes, Manalapan Homes, Hillsboro Beach Homes, South Florida Oceanfront Homes, or Miami Waterfront Homes.

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Listings of Interest:

Palm Beach Waterfront Condo for Sale with a Dock
San Juan del Sur Oceanfront Home for Sale
Las Olas River House Condo for Sale
Rio Vista Home for Sale
Ft. Lauderdale Waterfront Coop for Sale with a Dock
Palm Beach Waterfront Condo for Rent (Seasonal/Vacation Rental)
Tamarac Townhouse for Sale

Located in Palm Beach County, Manalapan, FL, is a Barrier Island community (14 miles long) with ~320 Residents-surrounded by the Atlantic Ocean and the Florida Intracoastal Waterway.  Manalapan is bordered on the North by South Palm Beach, FL and on the South by Hypoluxo, FL.

Manalapan Residents are located very close to the Ritz-Carlton Palm Beach Luxury Oceanfront Resort in Manalapan, which recently completed a $40 Million Dollar renovation and many Manalapan Residents enjoy private Deeded Membership privileges at the Palm Beach Ritz Carlton Hotel's La Coquille Club.  Plaza del Mar, located directly across the Street from the Ritz-Carlton, offers Shops, Restaurants, and Florida Stage (a Professional Theatre which has been open since 1991).

Additionally, the fabulous Shops and Restaurants of Palm Beach's Worth Avenue are only 8 miles North.  Other South Florida Cities located close to Manalapan include West Palm Beach, Ft. Lauderdale, and Miami.  

From viewing Homes in Manalapan, to enjoying the area's Restaurants, and spending time on the Water enjoying the views, I absolutely LOVE the area!

Currently, there are 17 Homes for Sale in Manalapan, listed through Brokers with list prices of $2,450,000 - $30,000,000.  All are Waterfront Homes with Intracoastal and/or Oceanfront Water frontage.  These Homes are located in the Manalapan Subdivisions of Point Manalapan, Hypoluxo Beach, Hypoluxo Island, and Manalapan Beach on Land's End Road, S.E. Atlantic Drive, E. Ocean Avenue, S. Ocean Blvd., Paslay Place, and Spoonbill Rd. Click to view them.

Manalapan Oceanfront Homes offer Oceanfront as well as Intracoastal views and Intracoastal Lots with Dockage are included as part of the property parcel for the Oceanfront Homes.  With elevations of 20+ Feet above Sea Level and Concrete + Steel Seawalls, the Dockage is perfect for avid Boaters.

In 2008, there have been 13 Manalapan Homes Sold through Brokers with final purchase prices (NOT LIST PRICES) of $795,000 - $21,225,044.  The Homes Sold are located on Curlew Rd., Land's End Rd., Little Pond Rd., S. Ocean Blvd., and Spoonbill Rd.

I created 2 Google Earth screenshots of the Manalapan area and included them below.

Please contact me if you're interested in Palm Beach Oceanfront Homes, Palm Beach Waterfront Homes, Manalapan Homes, other South Florida Waterfront Homes or Luxury Property.

Vickie Arcuri, Realtor^®
EWM Realtors, Inc.
1700 E. Las Olas Blvd.
Ft. Lauderdale, FL  33301
Phone:  (954) 708-9309
Fax:  (954) 414-0492
Vickie@vickierealestate.com
South Florida Waterfront Homes

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Listings of Interest:

Palm Beach Waterfront Condo for Sale with a Dock
San Juan del Sur Oceanfront Home for Sale
Las Olas River House Condo for Sale
Rio Vista Home for Sale
Ft. Lauderdale Waterfront Coop for Sale with a Dock
Palm Beach Waterfront Condo for Rent (Seasonal/Vacation Rental)
Tamarac Townhouse for Sale